re: Article: "Record number of car buyers 'upside down' on trade-ins"

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Never buy a vehicle that you can't pay for with cash.

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Don't know why this is getting so many down votes. It's one of the best financial rules to live by.

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Because it is pretty unrealistic for the middle class given auto prices.

They aren't focused on practicing financially sound and logical decisions but rather practicing justification of if they can afford it over time. That's why.

Either way I'm not one to talk I bought my wife a brand new Lexus for Christmas and even though I paid cash it's a hugely depreciating asset and will do no return and not have the longevity to pass down to my kid